Also: This week's top news CU CEOs should know; Compliance Blog tackles Reg E disclosures
NAFCU TODAY | The News You Need Daily.
January 31, 2020
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Berger to NCUA Board: A variable interest rate expands possibilities for CUs [ [link removed] ]
In response to the NCUA's decision to extend the 18 percent loan interest rate ceiling until Sept. 10, 2021, NAFCU President and CEO Dan Berger urged NCUA Board Chairman Rodney Hood and board members Todd Harper and Mark McWatters to explore the adoption of a variable interest rate, and encouraged the board to publish an advanced notice of proposed rulemaking (ANPR). An ANPR for the rate ceiling is listed on the NCUA’s Fall Rulemaking agenda.
4 things CU leaders need to know [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's need-to-know news bits:
Regulation E disclosures explored in latest Compliance Blog [ [link removed] ]
NAFCU Senior Regulatory Compliance Counsel Jennifer Aguilar dives into Regulation E disclosures – specifically highlighting types of electric fund transfers (EFTs) and fees – in a new post on the Compliance Blog.
NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]
U.S economy grew in Q4 despite trade and geopolitical 'uncertainty' [ [link removed] ]
The U.S. economy grew by 2.1 percent in the fourth quarter, remaining unchanged from its third quarter pace, according to the Commerce Department's initial GDP estimate. NAFCU Chief Economist and Vice President of Research Curt Long attributed this growth to consumer spending, despite a modest slow, and trade and residential investment.
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